An Act Providing for a Loan of Twenty-Five Thousand Pesos to the Province of Samar

September 5, 1905

ACT NO. 1389

AN ACT PROVIDING FOR A LOAN OF TWENTY-FIVE THOUSAND PESOS TO THE PROVINCE OF SAMAR

SECTION 1. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of twenty-five thousand pesos, Philippine currency, to be loaned to the Province of Samar and to be expended by the provincial board of that province for the general purposes of the provincial government.

SECTION 2. The money appropriated by section one of this Act shall be paid to the treasurer of the Province of Samar upon the production by him to the Treasurer of the Philippine Islands of a certified copy of a resolution by the provincial board of the Province of Samar accepting the said loan and agreeing to repay the same, without interest, in two equal annual installments, the first within one year from the date of the acceptance of the loan by the provincial board of Samar, and the final payment within one year thereafter.

SECTION 3. The public good requiring the speedy enactment of this bill, the passage of the same is hereby expedited in accordance with section two of "An Act prescribing the order of procedure by the Commission in the enactment of laws," passed September twenty-sixth, nineteen hundred.

SECTION 4. This Act shall take effect on its passage.

ENACTED, September 5, 1905.